
Industrial & Financial Services · NSE / BSE
Gopal Snacks Limited, established in 1999, has solidified its presence in the FMCG sector by offering a diverse range of ethnic and Western snacks, along with other consumer goods in India and globally. With an extensive portfolio of 276 SKUs across 84 categories as of November 2023, the company caters to a broad spectrum of consumer preferences. Its expansive distribution network spans 523 locations across 10 states and two Union Territories, supported by a dedicated sales and marketing team of 741 employees. Operating six strategically located manufacturing units, including primary facilities in Nagpur (Maharashtra), Rajkot (Gujarat), and Modasa (Gujarat), Gopal Snacks boasts a total annual installed capacity of 404,728.76 MT as of September 2023. With a strong foundation of long-standing distributor relationships, particularly in Gujarat—where 69 distributors have been associated for over a decade—the company continues to strengthen its market position, ensuring sustained growth in the competitive FMCG landscape.
Price Band
₹380 – ₹401
Issue Size
₹650 Cr
Lot Size
37 shares
GMP
-6.2%
Est. Listing
₹376
at current GMP
Subscribed
9.50x
overall
Open
6 Mar 2024
Close
11 Mar 2024
Allotment
12 Mar 2024
Refund
13 Mar 2024
Demat Credit
14 Mar 2024
Listing
14 Mar 2024
Overall Subscription
9.50x
Total Demand
QIB Multiplier
18.42x
Institutions & Funds
NII / HNI
10.00x
High Net-Worth
Retail (RII)
4.22x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 3,224,439 | 59,389,588 | 18.42x |
| NIB | 2,418,329 | 24,176,207 | 10.00x |
| HNIs(10L +) | 1,612,220 | 17,282,145 | 10.72x |
| HNIs (2-10L) | 806,110 | 6,894,062 | 8.55x |
| RETAIL | 5,642,768 | 23,826,816 | 4.22x |
| EMPLOYEES | 96,419 | 701,816 | 7.28x |
| Total | 13,800,285 | 132,270,634 | 9.50x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 153,333 | 647,065 | 4.22x |
| HNIs (10L +) | 981 | 9,810 | 10.00x |
| HNIs (2-10L) | 4,694 | 46,940 | 10.00x |
| Total Applications | 159,008 | 703,815 | 4.43x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Gopal Snacks Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹650 Crores. The shares are offered at a price band of ₹380 to ₹401 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-03-11, the basis of allotment is scheduled to be finalized on 2024-03-12. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Ltd) or the BSE allotment checking window.
Currently, Gopal Snacks Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹380 to ₹401 per equity share.
The retail lot size is 37 shares requiring a minimum application amount of ₹14,837. Expected listing price is ₹376 per equity share.
The Gopal Snacks Limited IPO aggregate issue size is ₹650 Crores with an equity price band set at ₹380 to ₹401 per equity share. The retail lot size is 37 shares requiring a minimum capital outlay of approx. ₹14,837.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 9.50x (Retail: 4.22x, QIB: 18.42x, NII: 10.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Ltd) and the BSE status verification website on or around 2024-03-12. Investors can verify status using PAN card or application number.
Gopal Snacks Limited shares are scheduled to list on NSE and BSE on 2024-03-14.